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2022 Q3 Multifamily Greenville Spartanburg Report

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Greenville-Spartanburg occupancy will decrease due to new deliveries

Key Takeaways

  • 1,691 units will deliver in 2022
  • Occupancy rate is decreasing due to new deliveries each quarter

The Greenville-Spartanburg multifamily demand has kept pace with new deliveries until this quarter. There are 1,691 scheduled to deliver by year-end and another 2,772 units are under construction. Absorption peaked during the second quarter of last year.

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2022 Q3 Multifamily Greenville Spartanburg Report

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Related Experts

David Feild

Market President Greenville-Spartanburg

Greenville

I am the Market President for the Greenville-Spartanburg-Anderson market, also known as the Upstate. My responsibilities include the management of the brokerage staff in the Greenville and Spartanburg offices as well as the growth of the company’s sales, leasing, property management and project management business. In support of this growth, one of my primary responsiblities is recruiting talent to Colliers. I also serve on Colliers International | South Carolina’s statewide management group and specialize in developing and implementing strategic and tactical plans to best use the resources of Colliers International.

I assist the brokerage staff in Greenville and Spartanburg, comprised of office, retail, industrial and land leasing and sales specialists, with strategies for achieving clients’ real estate objectives. I very much enjoy seeing the development of talent and growth within the company. This growth is measured in many ways, including repeat business with clients, the overall client satisfaction with our services and the growth in sophistication of the transactions that we are involved in. Attracting fresh, talented minds to our team, combined with the wealth of experience that many of our brokers possess, enables us to stay ahead of the changing markets and remain as a top third-party commercial real estate service provider in the state of South Carolina.

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